Sri Mulyani Attends AIIB in Egypt, Talks of Climate Change, Energy Transition
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27 September 2023 09:46 WIB
TEMPO.CO, Jakarta - Indonesian Minister of Finance Sri Mulyani attended the annual meeting of the Asian Infrastructure Investment Bank (AIIB) in Sharm El-Sheikh, Egypt. She participated in the Governors' Business Roundtable, a forum to discuss strategic policies for the future development of AIIB.
AIIB is a Multilateral Development Bank (MDB), a development partner for many countries, including Indonesia. At present, AIIB has 106 member countries.
According to Sri, the issue of climate change is still the main topic of discussion. “Financing innovation is also a crucial challenge to ensure affordable access to funding,” she said in a written statement quoted on Wednesday, September 27, 2023.
The AIIB, she stressed, has an important role to play as a catalyst in designing various financing instruments. In addition, support in project preparation is highly needed to attract private sector participation.
The state treasurer also said that the transition to green energy is challenging. “So support from MDB like the AIIB could be a solution for member countries,” she said.
Sri Mulyani also joined the AIIB seminar as a keynote speaker and panelist on ‘Raising the Ambition to Meet the Climate Challenge: Mobilization of Resources for Climate Finance’.
At the forum, she said Indonesia has often pioneered initiatives to address climate change. “Such as the ETM Country Platform, the Just Energy Transition Partnership (JETP), and many other initiatives being carried out to raise awareness on climate action,” she outlined.
The former World Bank managing director also supported the launch of the AIIB Climate Action Plan as its commitment and concrete step to address the impacts of climate change. “We can create a better, sustainable, low-carbon, and inclusive world together,” Sri Mulyani said.
MOH. KHORY ALFARIZI
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